Freightos Limited (CRGO)

NASDAQ: CRGO · IEX Real-Time Price · USD
2.450
-0.010 (-0.41%)
At close: Apr 12, 2024, 4:00 PM
2.360
-0.090 (-3.67%)
After-hours: Apr 12, 2024, 6:53 PM EDT
-0.41%
Market Cap 117.56M
Revenue (ttm) 20.28M
Net Income (ttm) -65.47M
Shares Out 47.99M
EPS (ttm) -1.47
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 735
Open 2.450
Previous Close 2.460
Day's Range 2.445 - 2.460
52-Week Range 1.850 - 4.580
Beta 1.05
Analysts Strong Buy
Price Target 8.00 (+226.53%)
Earnings Date May 21, 2024

About CRGO

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings an... [Read more]

Sector Industrials
Founded 2012
Employees 350
Stock Exchange NASDAQ
Ticker Symbol CRGO
Full Company Profile

Financial Performance

In 2023, Freightos's revenue was $20.28 million, an increase of 6.27% compared to the previous year's $19.09 million. Losses were -$65.47 million, 165.1% more than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CRGO stock is "Strong Buy." The 12-month stock price forecast is $8.0, which is an increase of 226.53% from the latest price.

Price Target
$8.0
(226.53% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Delta Cargo Partners with Freightos' WebCargo and 7LFreight to Offer Real-Time Digital Air Cargo Quotes and Bookings

BARCELONA, Spain , March 26, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading independent booking and payment platform for the international freight industry, is excited to announc...

18 days ago - PRNewsWire

Fits Cargo Partners with WebCargo by Freightos to Ignite Digital Sales

BARCELONA, Spain , March 13, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, today announced a partnership ...

4 weeks ago - PRNewsWire

Freightos Reports Fourth Quarter and Full-Year Results with Substantial Transaction Growth and Strong Financial Position

Full-year #Transactions growth of 53% showcases robust marketplace expansion Year-end cash balance of $52 million secures foundation for future growth and innovation Exceeded or met expectations acros...

6 weeks ago - PRNewsWire

Freightos Announces Board of Directors Change

JERUSALEM , Feb. 8, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today announced that William C...

2 months ago - PRNewsWire

Virgin Atlantic Cargo Joins Freightos' WebCargo to Bring Air Cargo eBooking to Thousands of Freight Forwarders Globally

BARCELONA, Spain , Feb. 5, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced that WebCargo ...

2 months ago - PRNewsWire

NAVIGATING TOMORROW: Japan Airlines Cargo Chooses WebCargo for Global Digital Expansion

TOKYO and JERUSALEM , Jan. 24, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced its p...

2 months ago - PRNewsWire

Freightos Sees 36% Transaction Growth Due to Increased Digital Platform Adoption

Freightos, a vendor-neutral booking and payment platform for the international freight industry, reported record transactions for the fourth quarter of 2023. The company recorded 286,900 transactions ...

3 months ago - PYMNTS

Freightos Announces Record Transactions for Fourth Quarter of 2023 and Date of Fourth Quarter and Full Year Earnings Release

JERUSALEM , Jan. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary Q4...

3 months ago - PRNewsWire

Red Sea attacks: Freightos CEO discusses the impact of global trade, supply chain

Freightos CEO Zvi Schreiber weighs in on navigating the Red Sea attacks and how some ships are re-routing on 'The Claman Countdown.' https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video...

3 months ago - Fox Business

Freightos Limited to Present at the December 7th Virtual Investor Summit

Jerusalem, Israel--(Newsfile Corp. - December 4, 2023) - Freightos Limited (NASDAQ: CRGO) announced today it will be presenting at the December 7th, 2023 virtual Investor Summit. Event: December 7th I...

4 months ago - Newsfile Corp

Freightos Reports Third Quarter Results with Revenue Growth and Progress Toward Profitability

Sustained growth in Transactions and in number of Buyer Users reflects continued marketplace growth dynamic Operational efficiency plan yields better than expected results enhancing the Company's fina...

5 months ago - PRNewsWire

Freightos Announces Record Transactions for Third Quarter of 2023 and Date of Third Quarter Earnings Release

JERUSALEM , Oct. 18, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q3 2023 Key Pe...

6 months ago - PRNewsWire

Freightos' WebCargo Partners with Chapman Freeborn to Offer Extensive Global Capacity

JERUSALEM , Sept. 27, 2023 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced a partnership ...

7 months ago - PRNewsWire

With its Fleet of CO2-Friendly 'Longships': Norse Atlantic Airways Partners with WebCargo by Freightos to Propel its First-Ever Digital Sales

JERUSALEM , Sept. 26, 2023 /PRNewswire/ --  Norse Atlantic Airways and WebCargo by Freightos (NASDAQ: CRGO), the leading air cargo booking platform, today announced a significant partnership to offer ...

7 months ago - PRNewsWire

Freightos Reports Second Quarter Results with Record Transactions and Improved Profitability

Freightos Platform continues 14 quarter streak of record Transactions. Company remains on track to reach profitability with existing cash.

8 months ago - PRNewsWire

Freightos Announces Record Transactions for Second Quarter of 2023 and Date of Second Quarter Earnings Release

JERUSALEM , July 24, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q2 2023 Key Pe...

9 months ago - PRNewsWire

WebCargo by Freightos Enables First Digital Interlining Air Cargo Shipment Booked between ITA Airways and Qatar Airways Cargo

In Digital Air Cargo (DAC) milestone, WebCargo reduces time to book interline shipments from days to seconds JERUSALEM , July 18, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendo...

9 months ago - PRNewsWire

Freightos laying off 13% of employees as revenue weakens

Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounti...

9 months ago - FreightWaves

Freightos Announces Plan for Operational Efficiency and Cost Reduction

In light of persisting global economic headwinds, Freightos announces an operational efficiency plan expected to allow the Company to continue growth and to reach break-even on existing funds. Growth ...

9 months ago - PRNewsWire

WebCargo Launches Airline Dashboard to Drive Insights and Revenue for Cargo Airlines

As air cargo market softens, the Dashboard provides critical insights into demand patterns and pricing, and allows airlines to take action to improve sales and revenue JERUSALEM , July 5, 2023 /PRNews...

10 months ago - PRNewsWire

Wideroe, a Leader in Emission Reduction, to Expand its Digital Offerings with eBookings on WebCargo

Largest Nordic airline to provide sustainable eBookings from the Mediterranean to the Arctic to 10,000+ forwarding offices on WebCargo JERUSALEM, June 22, 2023 /PRNewswire/ -- Wideroe, the innovative ...

10 months ago - PRNewsWire

Eastern Air Logistics Taps WebCargo to Fuel Global Growth

Partnership with Leading Cargo Booking and Payment Platform Makes Eastern Air Logistics First Chinese Carrier With Real-Time Ex-China eBooking and Payments JERUSALEM , June 20, 2023 /PRNewswire/ -- Ea...

10 months ago - PRNewsWire

Freightos' cash burn continues despite more user activity

Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and...

11 months ago - FreightWaves

Freightos Announces Record Q1 2023 Transactions and Achieves High End of Guidance

Transactions on Freightos Platform continue streak of 13 record quarters, confirming again sustainable marketplace growth flywheel. Carriers providing marketplace supply diversify and expand to 37.

11 months ago - PRNewsWire

Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight

In industry first, Electrolux Group unlocks instant air cargo bookings on specific flights via existing forwarders, saving time and money, and increasing supply chain efficiency and governance JERUSAL...

11 months ago - PRNewsWire